(PRWEB) December 27, 2012
Cavitation Technologies, Inc. (CTI) (OTCBB: CVAT; Berlin & Stuttgart: WTC) announced today that the Desmet Ballestra Group, CTI’s strategic partner since 2010 and the licensee of the company’s vegetable oil refining technology, has entered into a sales agreement with a refinery in Ecuador. The purchased system is capable of processing 350 tons of soybean oil daily.
The expected revenues will be received by CTI in the second and third quarters of the current fiscal year. Igor Gorodnitsky, CTI’s Principal Executive Officer, commented, “Our NanoNeutralization™ process improves oil yields, slashes production costs and mitigates the environmental impact in edible oil refining. Our technology can further optimize current methods of vegetable oil refining and processing.”
Founded in 2007, the company designs and manufactures state-of-the-art, flow-through, robust devices and systems and develops processing technologies for use in edible oil refining, renewable fuel production, expeditious petroleum upgrading, algal oil extraction, alcoholic beverage enhancement and water treatment. As an add-on to existing neutralization systems, the company’s patented NanoReactor™ allows refiners to significantly reduce both processing costs and the environmental impact, while also increasing the yield. More information is available at http://www.ctinanotech.com/.
About Desmet Ballestra Group
The Desmet Ballestra Group is the world leader in the fields of engineering and supply of plants and equipment for the oils, fats, animal feed industries, detergents, surfactants and related chemical industries and the oleochemical and biodiesel industries. Desmet Ballestra possesses a great worldwide reputation, thanks to over 60 years of experience, a significant R&D capacity and the most extensive customer base in the industry. The company has sales and engineering offices in 15 countries. More information is available at http://www.desmetballestra.com/.